I am looking for advice in regards to purchasing my first home. Should I go the traditional route and save 20% for the down payment or look into one of those programs like hud, usda, etc. that don't require as much of a down payment? What did you do and are you happy with your decision. I have read books but I also want to hear peoples experiences. My fico score averages 725 from all three bureaus with no derogatories on my credit report. I have been at my job for over 2 years. I have a car payment for two years that i've never been late on. Financial gurus like Suze Orman say that if you don't have at least 20% down payment you are not ready or able to afford a home. I also listen to dave ramsey, michelle singletary, glinda bridgforth, and read other books on personal finances.